Washington, D.C. officials estimated yesterday that extending the city’s 6% sales taxA sales tax is levied on retail sales of goods and services and, ideally, should apply to all final consumption with few exemptions. Many governments exempt goods like groceries; base broadening, such as including groceries, could keep rates lower. A sales tax should exempt business-to-business transactions which, when taxed, cause tax pyramiding. to medical marijuana could generate $400,000 over five years. Specifically, the office guessed that about 850 people would fill prescriptions at an average price of $350 apiece, for a taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities. of $21.
In November, Californians will vote on whether to legalize and tax marijuana.
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